USA Today reports on the black swan of state governments:
Nebraska's state government is one-of-a-kind. Its Legislature has only one chamber — a Senate — and senators don't use party labels.
The state now has another distinction: It is the only state that doesn't subsidize the medical care of retired government employees.
There's more:
Nebraska shuns all long-term financial commitments, not just for retirement benefits. The state has no debt. Its Constitution forbids it.
One thing Nebraska does have: A balanced $3.5 billion budget and a $563 million cash reserve.
You'll want to read this excellent article and view the impressive state government debt table.Gee,Nebraska has roads and bridges and schools and they seem to operate quite well.There's a major lesson here:tyranny of government can't be stopped unless
severe restrictions are put on the ability to fund government.
